Wednesday, 7 December 2011

Market Commentary

The FBM KLCI index gained 2.07 points or 0.14% on Wednesday. The Finance Index increased 0.38% to 13233.15 points, the Properties Index up 0.64% to 957.73 points and the Plantation Index rose 0.44% to 7882.82 points. The market traded within a range of 9.31 points between an intra-day high of 1482.99 and a low of 1473.68 during the session.

Actively traded stocks include PAVREIT, WIJAYA-WA, SANICHI, LFECORP, RA, UTOPIA-WA, PROTON-CG, COMPUGT, MACRO-WA and UTOPIA. Trading volume decreased to 2088.21 mil shares worth RM1770.42 mil as compared to Tuesday’s 2261.26 mil shares worth RM1304.55 mil.

Leading Movers were AXIATA (+14 sen to RM5.09), CIMB (+11 sen to RM7.20), MAYBANK (+10 sen to RM8.30), GAM (+15 sen to RM3.40) and KLK (+48 sen to RM22.16). Lagging Movers were TENAGA (-19 sen to RM5.46), IOICORP (-6 sen to RM5.12), PETCHEM (-8 sen to RM6.08), DIGI (-4 sen to RM3.62) and PBBANK (-6 sen to RM12.66). Market breadth was positive with 445 gainers as compared to 304 losers. -- JF Apex Securities Bhd



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